Hard Creek Nickel Corporation: Northwest Power Line Study to Dease Lake Announced
2008年4月1日 - 4:28AM
Marketwired
VANCOUVER, BRITISH COLUMBIA , announced today that the Company
is part of a consortium that has commissioned a study looking into
the economic viability of the Northwest Power Line along Highway 37
to Dease Lake in north western British Columbia. Dease Lake is 70
km west of Hard Creek's Turnagain Nickel deposit.
The following is the Friday, March 28, 2008 News Release issued
by the Mining Association of British Columbia and the Northern
Development Initiative Trust:
The Mining Association together with the Northern Development Initiative
Trust today confirmed that a study has been commissioned looking into
the economic viability of the Northwest Power Line along Highway 37 in
north western British Columbia.
"There is a strong and growing consensus among community leaders in the
Northwest about the long term need and benefit of a power line along
highway 37," said Mining Association of British Columbia Chairman Pierre
Lebel. "Documenting the presence of existing and potential development
opportunities in this corridor, many of which are among the best in
British Columbia, will help to demonstrate the wisdom of building this
line to a wider audience."
The Northern Development Initiative Trust, the Mining Association of
British Columbia, the Association of Mineral Exploration of British
Columbia and a number of mining companies, First Nations Companies,
suppliers, independent power producers and local business are jointly
contributing to a fund that will support the study and any related
activities. The budget for the project is currently estimated at
approximately $300,000.
"Our mandate is to encourage the economic development of the North and
our member communities agree that the construction of the power line
would be of huge economic benefit to our region. That is why the Trust,
representing over 50 communities and regional districts, has agreed to
support this project," added Janine North, Chief Executive Officer of
the Northern Development Initiative Trust.
Macquarie Bank, an international bank with considerable expertise in
major capital infrastructure project financing, has been retained to
conduct the study. While no deadlines have been set, it is anticipated
the study will be competed in April or May 2008.
The study is expected to examine the range of potential power consumers
and generators along the proposed power line corridor so as to determine
the threshold of activity that might make a power line viable.
"This is great news for northern British Columbia and especially
for the shareholders of Hard Creek Nickel," said Mark Jarvis. "The
commissioning of the study is the critical first step in extending
power to the north of our province. Financial contributions to the
study from First Nations companies, northern towns and industry
demonstrate the breadth of support for the project."
"We believe that if we can show the government a good business
case for building the power line, they will be receptive," Mr.
Jarvis continued. "Macquarie Bank, with its expertise in
infrastructure financing, is an excellent choice to provide a third
party, expert analysis of the proposed line."
On behalf of the Board of Directors of Hard Creek Nickel
Corporation
MARK JARVIS, President
The TSX Venture Exchange does not accept responsibility for the
accuracy or adequacy of this news release.
Contacts: Hard Creek Nickel Corporation Mark Jarvis President
(604) 681-2300 (604) 681-2310 (FAX) Email: info@hardcreek.com
Website: www.hardcreeknickel.com
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